Undergraduate

A car is purchased for $ 2 3 , 0 0 0 . After each year, the resale value decreases by 2 5 % .

A car is purchased for
$23,000
. After each year, the resale value decreases by
25%
. What will the resale value be after
5
years?
Use the calculator provided and round your answer to the nearest dollar.
$

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